FHFA Home Prices Up 6.4% YOY in July
Washington, DC, September 25, 2018-U.S. house prices rose in July, up 0.2% from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).
The previously reported 0.2% increase in June was revised upward to 0.3%.
The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2017 to July 2018, house prices were up 6.4%.
For the nine census divisions, seasonally adjusted monthly price changes from June 2018 to July 2018 ranged from -0.5% in the East South Central division to +1.1% in the South Atlantic division. The 12-month changes were all positive, ranging from +4.7% in the New England division to +8.7% in the Mountain division.